Seventh pay commission: Regulators may earn over Rs 5.6 lakh

The seventh pay commission has recommended a consolidated pay of Rs 4.5 lakh a month for heads of regulatory agencies dealing with telecom, capital and futures market, insurance, pensions, power and airports, which is twice the salary paid to secretaries.Sidhartha | TNN | November 20, 2015, 16:53 IST

NEW DELHI: The seventh pay commission has recommended a consolidated pay of Rs 4.5 lakh a month for heads of regulatory agencies dealing with telecom, capital and futures market, insurance, pensions, power and airports, which is twice the salary paid to secretaries.

What will come as a further bonanza for retired government employees who join these agencies is that their pension will not be deducted. So, if a retired secretary is appointed Trai or Sebi chief, his salary would add up to over Rs 5.6 lakh.

The report has suggested that members of these bodies be paid Rs 4 lakh and pension should not be deducted from the package.

“Keeping in view the erosion of purchasing power through inflation, the Commission recommends that the consolidated pay package may be raised by 25% as and when dearness allowance goes up by 50%.

All other benefits, including medical facilities, TA/DA on tour etc. may be provided by the regulatory bodies as per their rules and regulations,” it said.

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